Announcing: Olympus Incubator

This post was originally published on olympus

Our goal at Olympus is to create the reserve currency for DeFi. In order to achieve our lofty ambitions, we must build the greatest digital economy in the world: the econohmy. The former cannot exist without the latter.

“We shall strive to enable radical ideas to become reality. Through this, Olympus (itself a radical idea) becomes a reality.” — Zeus

Olympus Incubator was incepted at OIP 41 with a mission to accelerate the econohmy by funding new protocols that utilize or build on OHM or other Olympus products.

Since November, we have been piloting the program and refining our partnership model. We have been overwhelmed with interest and talked to contributors at dozens of early stage projects. In doing so, we have validated our hypothesis that we at Olympus have a truly unique and valuable proposition. Again and again we’ve heard from founders that traditional funders (👋 VCs and whales) are mercenary, misaligned and mostly “just money”.

If you ask founders who have been through successful Web 2.0 incubator programs like Y-Combinator, they will tell you that the real value is not the money. Rather, it is the community, playbooks and mentorship. Olympus has all of this for the crypto world, and much more.

In addition to funding, Olympus Incubator can provide:

  • community bootstrapping
  • advice, assistance, and testing across the board
  • access to our launch and liquidity products
  • exposure and promotion to the right stakeholders
  • the support of the greatest community DeFi has ever seen: the Ohmies.

It’s this last point that really drives home what we’re doing with Olympus Incubator — we’re bringing an entire community of cooperators with the (3,3) mentality into early projects when they need more than just the money.

HODLing, support, and cooperation is in our DNA. We HODL launched Incubator projects’ tokens in our treasury (thus, removing them from circulation!). We intend to stand by their side all along the way from ideation through to launch and beyond pre-launch through launch. We’re there and long after post-launch; for support, feedback, and further development.

We are the ideal partner for early stage crypto projects.

After the initial pilot period, we are now opening up Olympus Incubator for new submissions.

Ohmies! If you are a part of, or know of, a pre-launch or early-stage project with potential to benefit Olympus and could use the power of the Ohmies, please share this post and our Application Form with the team.

We’ll have more to say in the coming weeks. Until then, please follow us on Twitter and, keep an eye on the Olympus Forum for announcements.

Come. Build with us.

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